A share price of Wolverine World Wide, Inc. [WWW] is currently trading at $14.87, up 2.41%. An important factor to consider is whether the stock is rising or falling in short-term value. The WWW shares have gain 4.57% over the last week, with a monthly amount glided 12.91%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Wolverine World Wide, Inc. [NYSE: WWW] stock has seen the most recent analyst activity on July 19, 2024, when UBS upgraded its rating to a Buy and also boosted its price target to $20 from $13. Previously, Telsey Advisory Group reaffirmed its Market Perform rating on May 09, 2024, and elevated its price target to $14. On May 06, 2024, upgrade upgraded it’s rating to Buy but maintained its price target of $15 on the stock. Seaport Research Partners downgraded its rating to a Neutral. Exane BNP Paribas downgraded its rating to Neutral for this stock on August 11, 2023, but kept the price target unchanged to $9. In a note dated March 13, 2023, Seaport Research Partners upgraded an Buy rating on this stock but restated the target price of $23.
Wolverine World Wide, Inc. experienced fluctuations in its stock price throughout the past year between $7.21 and $14.97. Currently, Wall Street analysts expect the stock to reach $18.25 within the next 12 months. Wolverine World Wide, Inc. [NYSE: WWW] shares were valued at $14.87 at the most recent close of the market. An investor can expect a potential return of 22.73% based on the average WWW price forecast.
Analyzing the WWW fundamentals
Trailing Twelve Months sales for Wolverine World Wide, Inc. [NYSE:WWW] were 2.04B which represents -34.12% decline. Gross Profit Margin for this corporation currently stands at 0.4% with Operating Profit Margin at -0.05%, Pretax Profit Margin comes in at -0.09%, and Net Profit Margin reading is -0.04%. To continue investigating profitability, this company’s Return on Assets is posted at -0.04, Equity is -0.23 and Total Capital is -0.1. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 3.54.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 14.51 points at the first support level, and at 14.15 for the second support level. However, for the 1st resistance point, the stock is sitting at 15.23, and for the 2nd resistance point, it is at 15.59.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Wolverine World Wide, Inc. [NYSE:WWW] is 1.13. On the other hand, the Quick Ratio is 0.65, and the Cash Ratio is 0.23. Considering the valuation of this stock, the price to sales ratio is 0.58, the price to book ratio is 4.71.
Transactions by insiders
Recent insider trading involved Soriano Isabel, President, International Group, that happened on May 28 ’24 when 3201.0 shares were sold. Director, BOROMISA JEFFREY M completed a deal on Aug 18 ’23 to buy 3500.0 shares. Meanwhile, EVP, CFO and Treasurer Stornant Michael D bought 3800.0 shares on Aug 16 ’23.
